licence

Mr xxx.
The licence renewal can take up to two years but under the Act WME is entitled to continue its exploration program unless its application is rejected. I am unclear as to what you mean by a clear result. After the renewal is approved we have one further two year option available at the Minister's discretion after which we would need to apply for a mining licence to mine the tenement. There is an ongoing drilling program and we will continue to announce results as they become available. We are obligated to do this under the terms of the Australian Stock Exchange listing rules. I don't believe the price is down because of the licence or the future plans of WME. The whole market is down firstly, secondly there is still some negativity in the market about uranium stocks and thirdly the options have only recently been exercised thus clearing the share register of any outstanding anomalies. I have just returned from the annual World Nuclear Association's conference in London and the feeling amongst key industry players is that nuclear power will grow quite strongly over the next few years given the doubling of electricity demand forecast for 2030 combined with the community concerns with climate change. Nuclear power does not emit CO2 and will play a major part in the global solution to global warming. WME's deposits will play an integral part in that.

Gary Stokes
Managing Director
West Australian Metals

-----Original Message-----
Dear Mr. Stokes,

what are the progress on the licence in Marenica?
When can we count finally with an official result?
Are there further drilling results in the near future?
The Shareprice is terrably down although doubleing the U-ressource, because of uncertainties about the licence and the plans of the WME-(Marenica)future, I think.

Thank You very much for answering to Your german shareholders.